The judicial commission of inquiry into state-run asset manager the Public Investment Corporation is set to continue on Monday while a key court judgement affecting Ayo Technology Solutions will also be handed down.
The commission, chaired by Justice Lex Mpati, has heard of the close relationship between former PIC CEO Dan Matjila and businessman Iqbal Surve, who holds an indirect stake in Ayo. Ayo lodged an application with the high court to stop the CIPC from enforcing the compliance notice and to prevent the PIC from complying with the notice.Witnesses set to testify on Monday will only be revealed at the start of the proceedings due to safety concerns.
Source: Law Daily Report (lawdailyreport.net)
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